Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a partnership with Ctrl Alt, a leading tokenization infrastructure platform, to support an initiative by the Dubai Land Department (DLD). This collaboration will see Ctrl Alt leverage Ripple’s institutional-grade digital asset custody technology for the DLD’s pioneering Real Estate Tokenization Project, which involves issuing tokenized property title deeds on the XRP Ledger (XRPL).
The partnership marks Ripple’s first major custody collaboration in the UAE, highlighting the region’s growing appetite for secure and compliant digital asset infrastructure. Ctrl Alt’s role in the DLD project, initially revealed last month, now expands through this integration with Ripple’s custody solutions, enabling the secure, scalable storage of tokenized real estate deeds on a public blockchain.
“This initiative is a prime example of how Dubai continues to lead in digital innovation,” said Reece Merrick, Managing Director, Middle East and Africa at Ripple. “It’s the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain, and the DLD’s choice of the XRPL underlines the ledger’s strength for real-world financial applications. We’re thrilled that Ctrl Alt has selected Ripple’s custody technology to help deliver this project.”

Ctrl Alt recently became the first company to secure a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for issuer-related services. This key regulatory approval positions the platform to offer a fully compliant tokenization pipeline from asset issuance and secure custody to on-chain settlement and full lifecycle management.
Matt Ong, CEO and Founder of Ctrl Alt, shared his enthusiasm about the collaboration: “Our expertise in digital asset infrastructure and financial engineering makes Ripple a natural partner. Their custody solution is both trusted and secure, and will help us bring fractionalized, blockchain-based real estate investment opportunities in Dubai to a global audience.”
The DLD Real Estate Tokenization Project marks a major milestone in Dubai’s evolution as a global digital asset hub. Tokenizing property title deeds not only boosts operational efficiency and transparency but also democratizes real estate investment through fractional ownership, enabling multiple investors to co-own a single property.
Ripple continues to gain momentum in the UAE following its licensing by the Dubai Financial Services Authority (DFSA) as the first blockchain-powered payments provider. The company has since announced partnerships with regional players, including Zand Bank also participating in the DLD project, and Mamo, which is utilizing Ripple’s cross-border payments solution. Additionally, Ripple’s RLUSD stablecoin was recently approved as a recognized crypto token within the Dubai International Financial Centre (DIFC).
Backed by over a decade of experience and more than 60 regulatory licenses and registrations globally, Ripple remains at the forefront of enabling secure, efficient, and compliant digital asset infrastructure for financial institutions worldwide.